Midland States (MSBI) Director Richard Bingham Receives Award

What Happened

• Richard Dean Bingham, a director of Midland States Bancorp, received an award/acquisition of 340.608 common share equivalents (derivative) on 2026-09-30. The award is reported at a grant price of $33.38 per share, with a total reported value of approximately $11,369. This transaction is coded as an Award/Acquisition (A) and represents common share equivalents under the Directors Deferred Compensation Plan (DDCP).

Key Details

• Transaction date and terms: 2026-09-30; 340.608 common share equivalents at $33.38 each; total ≈ $11,369. (Code A = award/acquisition)
• Shares owned after transaction: Not specified in the filing.
• Footnotes of note:
  • F1: Reporting person disclaims beneficial ownership except to extent of pecuniary interest.
  • F2/F4: These are common share equivalents under the DDCP; each equivalent equals one share and becomes payable upon termination of director service.
  • F3: These equivalents include dividend reinvestments that fully vested on the transaction date and become payable upon termination.
• Filing timeliness: Report filed 2026-10-01 for a 2026-09-30 transaction — appears timely.

Context

• Common share equivalents are a deferred compensation vehicle that tracks the economic value of shares but are not currently tradable stock; they become payable (converted to actual shares or cash equivalent) when the director leaves service. This is a non-sale, non-exercise award tied to director compensation rather than an open-market purchase or sale.